The cryptocurrency market experienced significant volatility on Friday, March 7th, impacted by ongoing macroeconomic and geopolitical uncertainties. Bitcoin suffered a notable downturn, losing over five percent of its value on international exchanges. CoinMarketCap reported Bitcoin’s price dropping to approximately $87,726.
Indian exchanges mirrored this trend, with platforms like CoinDCX, Giottus, and CoinSwitch also registering a five percent decline. Bitcoin traded around $90,575 on these Indian platforms. This market dip highlights the continued sensitivity of cryptocurrency to external factors and broader economic conditions. Specific details regarding potential catalysts for this drop, such as comments from former President Trump, remain forthcoming in the original source. The crypto market’s unstable nature requires cautious investment and constant monitoring of global events.
